Sam Bankman-Fried Breaks Silence on X, Shares Sympathy for Laid-Off Employees
Disgraced crypto boss Sam Bankman-Fried, serving a 25-year prison sentence for his role in the FTX collapse, broke his silence on X to express sympathy for laid-off federal employees and recipients of Elon Musk's weekly accomplishment emails.
Bankman-Fried, sharing a jail cell with music mogul Diddy, referenced Musk's push for federal employees to email their weekly work activities or risk being fired. He acknowledged not checking his own email for "the past few (hundred) days" and confirmed that being unemployed is "a lot less relaxing than it looks."
He emphasized the difficulty of firing people and argued that it's usually not the employee's fault. He placed the onus on employers, stating that it's often the employer's fault if they don't know what to do with their employees or don't have anyone to manage them effectively.
Following Bankman-Fried's posts, the FTT token associated with FTX briefly spiked. Last week, he admitted growing sympathy for Musk's "chainsaw" approach to reform and echoed Trump's criticism of the politicization of the Department of Justice.
Meanwhile, Musk's email request to federal employees sparked confusion and controversy. Initially setting a deadline for Monday, he later gave them a second chance to respond at Trump's discretion. He claimed the emails were simply to ensure employees were responsive, contradicting guidance from the Office of Personnel Management.
8 Comments
Rotfront
Easy to talk when you're living in a luxury prison cell. Bankman-Fried has no idea what it's like to truly struggle after losing your job. His privileged position makes his words hollow.
Karamba
He needs to focus on his own problems, not offering unsolicited advice. Bankman-Fried should keep his opinions to himself until he addresses the damage he's caused.
Rotfront
This is nothing but damage control. Bankman-Fried is trying to salvage his reputation with these statements, but it's too little, too late.
Matzomaster
Sympathy doesn't bring back lost jobs or stolen funds. Bankman-Fried should be focusing on repaying what he owes, not offering empty condolences.
Rotfront
This is a prime example of the disconnect between the wealthy and the working class. Bankman-Fried seems oblivious to the real struggles people face after losing their jobs.
Donatello
Is this an attempt to gain public sympathy? His sudden concern for laid-off workers feels calculated and insincere, considering his own actions led to so much hardship.
Bella Ciao
Talk about hypocrisy! Bankman-Fried's offering sympathy while responsible for countless job losses through his FTX debacle is a slap in the face to those he hurt.
Michelangelo
His experience offers valuable insight into the challenges of managing a large organization. His comments could help other companies avoid similar situations.